May 19th 2024.
The Biden-Harris Administration has recently announced that their investments and support for federal HBCUs have reached an impressive $16 billion. This amount significantly surpasses the initial $7 billion that was allocated to these institutions, as reported by HBCUBuzz. The new funding will be made up of a total of $11.4 billion from 2021 to 2023, which will include federal grants, contracting awards, and debt relief.
In a statement released by Vice President Harris, she expressed her personal connection to the cause as a proud graduate of Howard University. She also emphasized the important role that HBCUs have played in building and contributing to America's leadership both at home and abroad for generations. This record-breaking support measure will include funding from fiscal years 2021 to 2024.
The Biden-Harris Administration hopes to continue their commitment to strengthening HBCUs by allocating over $4 billion towards ensuring education benefits for veterans and providing federal financial aid to HBCU students through Pell Grants and work-study programs. This achievement is a testament to their dedication and efforts to support these institutions throughout the year.
Harris further stated, "We understand that investing in the success of our HBCUs is investing in the strength of our nation, not just today but for future generations."
As the Biden-Harris ticket gears up for reelection this year, these historic funding levels serve as a strong message to diverse voters, showcasing their commitment to promoting the cause. Biden has faced some criticism from Black and young voters during his campaign, leading to new initiatives and engagements by both him and Harris to re-engage this crucial demographic.
Particularly significant is Harris, who made history as the first Black woman Vice President and resonated with Black voters in the 2020 election. Last year, she embarked on the "Fight For Our Freedoms" tour, visiting many minority-serving institutions. She also shared a congratulatory video message for HBCU graduates during their commencement ceremonies.
As the race heats up, the Biden-Harris Administration's achievements towards HBCUs serve as a reminder of their dedication to the Black community and why they deserve another term in office.
In related news, Morgan State University's FinTech Center has recently received a $1 million grant from a blockchain and crypto company, further showcasing the support and recognition for HBCUs in the current administration.
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